203 E ECHO Lane, Phoenix, AZ 85020, Phoenix, 85020 - 3 bed, 2 bath
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Phoenix, AZ 85020
This Value-Add Patio Home represents a strategic acquisition with a List Price of $499,000—positioned below the $509,119 Fair Market Value by 1%. This entry point provides $10,119 in Instant Equity for buyers ready to execute a full interior renovation. Despite its Poor Condition Rating, the asset features owned solar, a 2-car garage, and a prime cul-de-sac location zoned for the highly-rated Sunnyslope High School. This project offers significant forced appreciation potential, making it an ideal choice for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 203 E ECHO Lane Subject | $499,000* List Price | 3 | 2 | 1,725 | $295 | - |
A 1066 E Pueblo Road Sold | $355,000 | 3 | 2 | 1,330 | $267 | 0.8 mi |
B 225 E ECHO Lane Sold | $519,000 List Price | 2 | 2 | 1,619 | 0.1 mi | |
C 7840 N 7TH Street 1 Active | $449,000 List Price | 3 | 2 | 1,684 | $267 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1975, this property is explicitly marketed as a 'remodel project' and 'ready for a make-over.' The provided imagery shows missing flooring and highly dated 1970s architectural features. Given the listing's emphasis on its 'tremendous potential' for renovation and the visible need for substantial rehabilitation, it falls into the poor category.
The property includes an owned solar system, offering significant long-term energy savings and a competitive advantage in the Phoenix climate.
Situated in a desirable cul-de-sac within the Paseo Hermoso complex, the home provides a quiet setting with easy access to community tennis and pickleball courts.
The home is zoned for the highly-rated Sunnyslope High School, adding substantial long-term value and appeal for families.
The property is explicitly marketed as a remodel project requiring a complete makeover, which will necessitate significant additional capital and time investment.
A monthly HOA fee of $330 increases the ongoing cost of ownership, which may be a consideration for budget-conscious buyers looking at the $499,000 price point.
Rare Opportunity! 3 Bedroom, 2 Bath Patio Home in the Beautiful Paseo Hermosa Complex..Located in one of the Best cul de sacs, close to the Tennis /Pickle-ball Court. This home has a 2 car garage,owned solar,formal dining,large paved backyard and covered patio...It is ready for a make-over. If you are looking for a home to remodel this one has tremendous potential!!
No exterior & parking available.
Grades PK-5 • 0.3 mi
Grades 5-8 • 1.7 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 60% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,725 | 1,436 | 73% |
| Lot Size | 4,337 | 2,333.5 | 77% |
| Price | $499.0K | $307.8K | 78% |
| Price per sq ft | $289 | $251 | 62% |
| Built year | 1975 | 1980 | 30% |
| HOA | $330 | $278 | 72% |
| Days on market | 59 | 1665 | 1% |
Feb 26, 2026
$499,000
Initial Listing